The project envisages a total investment of just over $50 million over two phases, with AD Ports Group contributing around $30 million
maritime
Latest in maritime
AD Ports Group
AD Ports Group signs 4 MoUs with Pakistan to boost trade and transport links
AD Ports Group is a major investor in Pakistan, which is a strategic trade gateway to Central Asia and Russia
AD Ports Group
Vingroup, AD Ports Group sign MoU to explore developing ports, logistics sectors in Vietnam
AD Ports Group is to manage the operational aspects of the projects, while connecting with international customers to position Vietnam as an essential part of the global supply chain
AD Ports Group
AD Ports arm Noatum launches maritime services in Turkey
The expansion follows the growing ties between the UAE and the Republic of Turkey, which was further strengthened with the Comprehensive Economic Partnership Agreement (CEPA), which came into force in September of 2023
AD Ports Group
AD Ports Group signs MoU to explore development, operation of multi-purpose port in Bangladesh
The agreement is to explore the future development and operation of the multi-purpose port in Chittagong Port and other ancillary opportunities in the South Asian country
maritime
Panama Canal to allow more ship traffic in January
The Panama Canal serves as a vital maritime route, connecting the Atlantic and Pacific Oceans
Dubai
GulfNav forms JV company with Monaco-based Scorpion Services
Black Marlin, the JV company, will be located in Dubai and will manage eight vessels at the time of launch – four from each partner
Abu Dhabi
AD Ports Group delivers record Q3 2023 net profit of AED403mn
The stellar performance was fueled by a remarkable 189 percent YoY growth in revenue, totaling AED4.24 billion
Al Seer Marine
Al Seer Marine fleet grows to 20 with delivery of new VLGC
The new VLGC, built by Hyundai Heavy Industries, was obtained under a $134.8 million deal signed by Al Seer’s joint venture with ABGC DMCC
Abu Dhabi
ADNOC L&S announces $65 million interim dividend for Q2 2023
The dividend will be equivalent to 3.2 fils per share
Jeddah
Saudi Arabia eyes massive expansion of maritime sector: Minister
Saudi Arabia looks to raise the maritime sector’s contribution to the Saudi economy by four times its current level
maritime
Dubai puts maritime consumer rights in spotlight
Dubai Maritime Authority launches rights awareness campaign
Abu Dhabi
AD Ports Group reports 66% revenue growth in Q2 2023
Going forward, the Group said its revenue mix is likely to be more balanced across four of its five clusters with the recently completed acquisition of Noatum
Abu Dhabi
Abu Dhabi Customs announces launch of new corporate identity
The new logo has a distinguished dark green color to signify sustainability and the adoption of innovative solutions in developing services and customs procedures
Abu Dhabi
AD Ports Group signs a ‘gamechanger’ 30-year concession for Congo port
Abu Dhabi’s AD Ports will invest $500 million to develop. manage and operate a multipurpose terminal in Congo’s Pointe Noire Port
France
UAE, India, France navies collaborate in major Oman wargame
The exercise involved the Indian Navy frigate INS Tarkash, the French Navy ship Surcouf along with Rafale fighter jets, and UAE Navy maritime patrol aircraft
direct freight service
Dubai’s DP World launches new direct freight service for UAE, Iraq
The service, named P&O Maritime Transports, focuses on transporting “unaccompanied trailers” between the two countries